General Information
Cells4Life Group LLP is a limited liability partnership, registered in England and Wales, under OC357135, ats Units 2 and 3 Oak House, Albert Drive, Burgess Hill, West Sussex, RH15 9TN. The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships together with the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the LLP.
Going concern basis
The Proprietors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the LLP, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 25 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the LLP, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives. Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
230,000 |
|
230,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
230,000 |
|
230,000 |
| Amortisation |
| At 01 April 2024 |
113,860 |
|
113,860 |
| Charge for year |
7,915 |
|
7,915 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
121,775 |
|
121,775 |
| Net book values |
| At 31 March 2025 |
108,225 |
|
108,225 |
| At 31 March 2024 |
116,140 |
|
116,140 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
1,854,224 |
|
1,854,224 |
| Additions |
15,097 |
|
15,097 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
1,869,321 |
|
1,869,321 |
| Depreciation |
| At 01 April 2024 |
1,304,879 |
|
1,304,879 |
| Charge for year |
86,250 |
|
86,250 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
1,391,129 |
|
1,391,129 |
| Net book values |
| Closing balance as at 31 March 2025 |
478,192 |
|
478,192 |
| Opening balance as at 01 April 2024 |
549,345 |
|
549,345 |
The net book value of Plant and Machinery includes £ 28,840 (2024 £32,450) in respect of assets leased under finance leases or hire purchase contracts.
|
| 5. |
Investments
| Cost |
Other investments other than loans |
|
Investments in participating interests |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
2,243,334 |
|
251,599 |
|
2,494,933 |
| Additions |
- |
|
44,532 |
|
44,532 |
| Disposals |
- |
|
- |
|
- |
| Revaluations |
- |
|
(296,131) |
|
(296,131) |
| At 31 March 2025 |
2,243,334 |
|
- |
|
2,243,334 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
2,937,352 |
|
1,256,176 |
| C4L Property Services LLP |
1,031,344 |
|
868,985 |
| The Parents Class Limited |
- |
|
(18,267) |
| Other Debtors |
(1,249,030) |
|
38,379 |
|
2,719,666 |
|
2,145,273 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
521,541 |
|
353,359 |
| Loan to C4L Laboratory Services Ltd |
166,870 |
|
166,870 |
| Taxation and Social Security |
58,310 |
|
53,049 |
| Obligations under HP/Financial Leases |
5,274 |
|
12,753 |
| Other Creditors |
72,041 |
|
65,834 |
|
824,036 |
|
651,865 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
126,667 |
|
212,667 |
| Obligations under HP/Financial Leases |
9,470 |
|
14,944 |
| Other Creditors |
1,883,411 |
|
2,230,835 |
|
2,019,548 |
|
2,458,446 |
|
| 9. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Mr W Channon | (12,000) | | (15,000) | | - | | - | | Dr J Drew | (13,000) | | (15,000) | | - | | - | | C4L Property Services LLP | (162,358) | | - | | 1,031,344 | | 868,986 |
Consultancy fees were provided to the LLP in the period from entities under the control of Mr W Channon, a designated member of the LLP Consultancy services were provided to the LLP in the period from an entity under the control of Dr J Drew, a designated member of the LLP. The LLP provided no further finance in the period to C4L Property Services LLP, an LLP in which the designated members have a controlling interest. |
| 10. |
Loans and Debts Due to Members
Loans and other debts due to members represent allocated profits not yet paid to members and are due within one year and would rank after unsecured creditors in the event of a winding-up.
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2
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